MIRA
INFORM REPORT
|
Report Date : |
19.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
HYDROMECH
AUTOMATION PRIVATE LIMITED |
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Registered Office : |
WZ-3158A, Mahendra Park, Rani Bagh, New Delhi – 110 034 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
13.08.1985 |
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Com. Reg. No.: |
55-21770 |
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CIN No.: [Company
Identification No.] |
U74899DL1985PTC021770 |
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IEC No.: |
0501031553 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELH01779B |
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PAN No.: [Permanent
Account No.] |
AAACH2374P |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Designers, Consultants,
Manufacturer and Suppliers of Hydraulic Valves, Pumps, Pneumatic Valves,
Cylinder and Presses / Power Packs |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 5000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established small company having
satisfactory track. Trade relations are fair. Payments are usually correct
and as per commitments. The company can
be considered normal for business dealings at usual trade terms and terms and
conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Surender Kumar |
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Designation : |
Manager – Sales and Marketing |
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Contact No.: |
91-9311777401 / 9313777401 |
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Date : |
01.08.2008 |
LOCATIONS
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Registered Office : |
WZ-3158A, Mahendra Park, Rani Bagh, New Delhi – 110 034, India |
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Tel. No.: |
91-11-27014283 / 20083198 |
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Mobile No.: |
91-9314077401 /
9313777401 / 9311777401 / 9250922464 |
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Fax No.: |
91-11-27014283 / 27034552 |
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E-Mail : |
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Area : |
100 Sq. ft. |
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Location : |
Owned |
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Factory : |
Paota, NH – 8,
Jaipur, Rajasthan, India |
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Fax No.: |
91-1421-243418 |
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Area : |
1200 Sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Dheer Singh
Tanwar |
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Designation : |
Director |
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Address : |
3158 – A,
Mahindra Park, Shakur Basti, Delhi – 110 034, India |
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Date of
Birth/Age : |
11.03.1955 |
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Qualification : |
D. Tech |
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Date of Appointment : |
13.08.1985 |
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Name : |
Mrs. Sunita Rani |
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Designation : |
Director |
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Address : |
3158 – A,
Mahindra Park, Shakur Basti, Delhi – 110 034, India |
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Date of
Birth/Age : |
27.07.1976 |
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Date of Appointment : |
01.04.1996 |
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Name : |
Mr. R. N. Sharma |
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Designation : |
Director |
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Address : |
44, Nalanda Apartments,
Vikas Puri, New Delhi, India |
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Date of Appointment : |
01.10.1996 |
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Name : |
Mr. Virender
Singh Tanwar |
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Designation : |
Director |
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Address : |
WZ - 3158 – A,
Mahindra Park, Shakur Basti, Delhi – 110 034, India |
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Date of Birth/Age
: |
06.06.1978 |
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Qualification : |
B.Com. |
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Date of Appointment : |
03.08.1998 |
KEY EXECUTIVES
|
Name : |
Mr. Surender Kumar |
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Designation : |
Manager – Sales and Marketing |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of
Shareholders (As on 29.09.2005) |
No. of Shares |
|
Dheer Singh
Tanwar |
1810 |
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Praveen Gupta |
10 |
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Supyar Devi |
400 |
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Sunita Rani |
1250 |
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Virender Singh
Tanwar |
1350 |
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Total |
4820 |
Equity shares Breakup (percentage of total equity):-
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Category (As on 30.09.2007) |
Percentage |
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Directors or relatives of Director |
99.80 |
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Other top fifty (50) shareholders |
0.20 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Designers,
Consultants, Manufacturer and Suppliers of Hydraulic Valves, Pumps, Pneumatic
Valves, Cylinder and Presses / Power Packs |
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|
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Product : |
·
Hydraulic Rubber Moulding Presses and Machines ·
Hydraulic Rubber Injection/Transfer Machines ·
Forging Plants (50 tons to 3000 tons) ·
Special Purpose Machines
·
Hydraulic Cylinders ·
Hydraulic Power Packs ·
Other Product o
Hydraulic Bakelite/Plywood Press o
Hydraulic special purpose machines for S.S. Sink, L.P.G.
Cylinder, Tile, Leather, Auto Industry, and many others. |
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Exports : |
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Countries : |
·
Holand ·
Poland |
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Terms : |
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Purchasing : |
Credit (25 days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
27 (In Office 2 and In Factory 25) |
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Bankers : |
Bank of Rajasthan |
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Facilities : |
CM Limit Rs.0.500 million |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
·
B Jain and Associates Chartered Accountants Address : C-77, Sarojini Marg, C-Scheme, Jaipur – 302001, Rajasthan, India ·
Arun Dua and
Company Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4820 |
Equity Shares |
Rs. 100/- each |
Rs. 0.482 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.482 |
0.482 |
0.482 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.456 |
0.370 |
0.313 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.938 |
0.852 |
0.795 |
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LOAN FUNDS |
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1] Secured Loans |
0.967 |
0.963 |
0.748 |
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2] Unsecured Loans |
1.452 |
1.409 |
1.541 |
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TOTAL BORROWING |
2.419 |
2.372 |
2.289 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.011 |
0.010 |
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TOTAL |
3.357 |
3.235 |
3.094 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.495 |
0.591 |
0.720 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
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0.000 |
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|
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
5.672
|
4.763 |
1.982
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Sundry Debtors |
2.277
|
1.068 |
1.452
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Cash & Bank Balances |
0.282
|
0.389 |
0.326
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Other Current Assets |
0.000
|
0.000 |
0.000
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Loans & Advances |
0.836
|
1.187 |
1.684
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Total
Current Assets |
9.067
|
7.407 |
5.444 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
6.205
|
4.763 |
3.070
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Provisions |
0.000
|
0.000 |
0.000
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Total
Current Liabilities |
6.205
|
4.763 |
3.070 |
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Net Current Assets |
2.862
|
2.644 |
2.374 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.357 |
3.235 |
3.094 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
6.927 |
6.440 |
7.866 |
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Other Income |
0.000 |
0.000 |
0.000 |
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Total Income |
6.927 |
6.440 |
7.866 |
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Profit/(Loss) Before Tax |
0.129 |
0.084 |
0.090 |
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Provision for Taxation |
0.043 |
0.028 |
0.035 |
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Profit/(Loss) After Tax |
0.086 |
0.056 |
0.055 |
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Expenditures : |
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Depreciation & Amortization |
0.158 |
0.192 |
0.162 |
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Other Expenditure |
6.640 |
6.164 |
7.614 |
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Total Expenditure |
6.798 |
6.356 |
7.776 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
1.24
|
0.87 |
0.70 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.86
|
1.30 |
1.14 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.35
|
1.05 |
1.46 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.10 |
0.11 |
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Debt Equity Ratio (Total Liability/Networth) |
|
9.19
|
8.37 |
6.74 |
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Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.56 |
1.77 |
LOCAL AGENCY
FURTHER INFORMATION
NOTES:-
The Registered Address of the company has been shifted from 1-6 Disdc Complex, Nagloi, New Delhi – 110
041, India to the present address with the effect from 01.03.2007.
Trade References:
·
Asian Rubber Industries – Delhi
·
Senior Rubber Industries – Delhi
·
Anand Rubber Industries – Delhi
Fixed Assets:
·
Furniture and
Fixtures
·
Machinery
·
Scooter
·
Car
·
Fax Machine
·
Generator
·
Cycle
·
Mobile Phone
·
Computer
WEBSITE
DETAILS:-
Concern Profile
Subject is a
renowned manufacturer and exporter in
the arena of Hydraulic Rubber Moulding Presses and Machine, Hydraulic
Rubber Injection/Transfer Machines, Hydraulic Deep Draw Presses, Forging Plants
(50 tons to 3000 tons), Special Purpose Machines, Hydraulic Cylinders,
Hydraulic Power Packs, etc. They
believe in honest approach and dedicated performance. Their vast experience has
provided them the necessary expertize in making all the above mentioned items
and they can face any challenges of the industry.
Their wide range of
these products are extremely user friendly and gives satisfied performance for
a long period of time. They follow stringent quality control regime to ensure
top-notch quality in their products, and strive to deliver them on time to
their valued customers. All these efforts have fetched them numerous accolades
and strong and ever lasting client base., not only in India but throughout the
world.
Mission
Their mission is to face any
type of challenge and become the most trustworthy unit in the eyes of their
customers by providing hydraulic products and equipments.
Product Range
·
Hydraulic Rubber Moulding Presses and Machines
·
Hydraulic Rubber Injection/Transfer Machines
·
Forging Plants (50 tons to 3000 tons)
·
Special Purpose Machines
·
Hydraulic Cylinders
·
Hydraulic Power Packs
Other Products
·
Hydraulic Bakelite/Plywood Press
·
Hydraulic special purpose machines for S.S. Sink,
L.P.G. Cylinder, Tile, Leather, Auto Industry, and many others.
Key Features
·
International quality
·
Huge infrastructural facilities
·
Competitive prices
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Hi-tech manufacturing facilities
·
Timely delivery
Quality Regime
They follow a well
defined quality procedure conforming international quality standards. Their
quality control process is initiated from the very first stage of procuring premium
quality raw materials and goes on till the dispatch of the final products.
Every stage is observed carefully by their team of quality control experts who
ensure that only top-notch products are delivered to their esteemed customers.
Edge
In their firm, a
combination of sophisticated equipments and expert professionals ensures high
quality production. Over the years, they have achieved complete customer
satisfaction with their uncompromising standards, prompt deliveries,
competitive prices and responsive approach and will continue doing so.
They are well
equipped with highly advanced machines to ensure a smooth and error free
production of products. Their team of engineers works in coordination with the
requirements and specifications laid down by the clients. Their capacious
warehouse gives them the leeway to store bulk produce in the most safest
manner.
They have developed their core competence in the manufacturing and
exporting of rubber moulding hydraulic press and machinery, rubber moulding, metal
working press for deep drawing, bending and straightening. They have maintained
their front-runner position in the industry with the help of their rich
experience and vast knowledge. Their pro-active services and cutting edge
technology are pivotal in manufacturing customized products. Their commitment
to continuous quality improvement is apparent in every aspect of their
products, services, and customer support, which has helped them in winning over
the trust of their clients.
Product Line
With a passion for excellence and a penchant for innovation, they offer a range of exemplary products that have set a benchmark. Their products are manufactured in a stringent manner, with quality as the nucleus of the entire production process. They have a competent infrastructure, well enabled with modern machines to take care of all the specifications of the bulk orders.
They unveil their splendid range of products, which are engineered to suit the
requirements. Their product range includes:-
- Rubber
Moulding Press
- Rubber
Moulding Hydraulic Press
- Hydraulic
Metal Working Deep Draw Press
- Hydraulic
Bakelite / Plywood Press
- Hydraulic
Broaching / Baling Press
- Hydraulic
Press Brake
- Hydraulic
Special Purpose Machines for SS Sink, LPG cylinder, tile, leather and auto
industry
- Hydraulic
Forging Plant
Rubber Injection Moulding Press - Rim Series
Their products with their
distinct features have enabled them to scale industrial heights and consolidate
their selves as a preferred name to do business with. Their products are the
outcome of extensive research and carefully monitored manufacturing process
Excellence
Being a quality conscious concern, their
principal aim is to offer premium quality products to their clients. They have
met the expectations of their clients through specialized designs, with latest
trend like PLC (microprocessor) servo and proportional controls and cartridge
valve to achieve high quality standards. Quality is cautiously nurtured at
every stage of manufacturing process. From conception to final delivery, every
product undergoes several quality tests. Their team of experts maintains a strict
vigil on the manufacturing process to ensure that all the products are
flawless.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the concern is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a concern’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.71 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.66.98 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|